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Internship
Confirmed live in the last 24 hours
Global investment management and financial services
$28 - $34/hr
San Mateo, CA, USA + 2 more
More locations: San Ramon, CA, USA | New York, NY, USA
The intern candidate must be able to commute into the San Mateo, CA, San Ramon, CA, or New York City, NY office each week.
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Franklin Templeton is an investment management firm that offers a variety of financial services, including mutual funds, exchange-traded funds (ETFs), and retirement solutions. The firm manages assets for individual investors, financial advisors, and institutions across global markets. Its investment strategies are diversified to help generate returns for clients. Franklin Templeton earns revenue mainly through management fees and performance-based incentives. What sets Franklin Templeton apart from its competitors is its extensive experience and global reach in asset management, aiming to provide tailored investment solutions that meet the unique needs of its clients.
Company Size
51-200
Company Stage
N/A
Total Funding
$33.6B
Headquarters
Saint Petersburg, Florida
Founded
1947
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Professional Development Budget
Flexible Work Hours
Hybrid Work Options
Rodri Fernández Touza dropped out of Stanford and Harvard to moonlight as a Buddhist monk. Then he became a founder.
Ligero, a NYC-based crypto startup focused on zero-knowledge proof (ZKP) technology for data privacy and security, raised $4M in Seed funding
Ethena secures $100 million in private token sale to develop an institutional-grade stablecoin, expand its DeFi ecosystem, and launch its own blockcha
Multinational asset manager Franklin Templeton has submitted an amended S-1 filing for its Franklin Crypto Index ETF, seeking approval to add tokens to the fund over time.Submitted on Thursday, the filing states that the exchange-traded fund will initially track Bitcoin and Ethereum, with a weighting of 86.31% to BTC and 13.69% to ETH.It doesn’t commit to adding any other cryptocurrencies, clarifying that “it is uncertain whether any digital assets other than Bitcoin and Ethereum may in the future be added to the Underlying Index.”Yet it also doesn’t rule out additions, with the filing taking an almost open-ended approach that suggests more tokens could be added as and when the SEC permits.As the S-1 form details, “In accordance with the Index Rules, the Underlying Index only includes digital assets that are determined by the Index Provider as being in conformance with prevailing capital markets regulations of major financial jurisdictions including the United States.”More specifically, Franklin Templeton writes in the application that they would require that “the SEC has approved or permitted an exchange-traded product/fund” for a given token before the firm added it to the Franklin Crypto Index ETF.The company already offers a Bitcoin ETF, which was one of the first batch of ETFs to gain SEC approval in January 2024.It currently has a value of $743.7 million, while its sister Ethereum ETF is worth $33.9 million.If approved, the Franklin Crypto Index ETF will also list on the Cboe BZX Exchange, and for some commentators it could be a big breakthrough.“The approval of a multi-asset crypto ETF could lay out the next phase for institutional and everyday investors seeking exposure to digital assets, without being correlated to one specific asset,” says Coinpass CEO and co-founder Jeff Hancock, speaking with Decrypt.Hancock describes the launch of multi-currency ETFs as an “inevitability,” and suggests that the approval of such ETFs would bring “much-needed liquidity” to the market, as well as provide institutions with “unlimited options” in terms of asset allocation.In fact, Franklin Templeton had gained approval for the original version of the fund, when it was envisioned as investing exclusively in Bitcoin and Ethereum.In a release dated December 19, 2024, the SEC granted accelerated approval of Franklin’s application, which would have fast tracked the ETF for listing.The regulator did the same thing at the end of January for the Bitwise Bitcoin and Ethereum ETF, which is currently still undergoing the S-1 review process.The same thing—minus the fast tracking—applies to Hashdex’s Nasdaq Crypto Index US ETF, which will also invest in BTC and ETH.Such filings come amid applications for ETFs for cryptocurrencies other than Bitcoin and Ethereum, with Bitwise and Grayscale both filing in January for Dogecoin ETFs, and with four firms filing for XRP ETFs in the past 24 hours alone.Investment firms have stepped up their crypto ETF applications following the November election of Donald Trump, whose pick of the pro-crypto Paul Atkins as chair of the SEC has invited the belief that the SEC is more willing to approve such applications.This is the view of cryptocurrency analyst and author Glen Goodman, who believes not only that the Franklin Crypto Index ETF will be approved by the SEC, but also that the appointment of Atkins means it will “be much easier” to gain approval for crypto-focused investment vehicles.He tells Decrypt, “Paul Atkins [...] is about as pro-crypto as the industry could hope for. When he takes over, the shift from Gensler's SEC to Atkins' SEC will be like night and day.”Edited by Stacy Elliott.Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more
Cryptocurrency and stablecoin infrastructure platform Zero Hash is integrating Ripple’s RLUSD stablecoin. The integration lets Zero Hash customers access RLUSD on the XRP Ledger and Ethereum networks, according to a Wednesday (Feb. 5) press release. “The addition of RLUSD to our ecosystem demonstrates Zero Hash’s commitment to providing our customers with access to the most innovative and regulated stablecoin technologies,” Zero Hash founder and CEO Edward Woodford said in the release. “Zero Hash now offers RLUSD to all partners who can seamlessly embed through our API and SDK. Zero Hash offers the tech stack that powers use cases spanning payouts including Stripe, on-ramping including Shift4 and tokenization payment rails including Franklin Templeton.”